Friday, 16 November, 2018

When Trump added an extra zero in his GDP tweet

The president tweeted a video wishing Clinton a'Happy Anniversary that showed her speech from Top White House economist fact-checks Trump on GDP claim
Orlando Vargas | 12 September, 2018, 06:29

It was actually the first time in 10 years that GDP was above the unemployment rate, a fact corrected at a White House briefing on Monday by Kevin Hassett, chairman of the White House Council of Economic Advisers (CEA).

Gasparino was writing in response to a tweet from Wall Street Journal columnist Kimberley Strassel.

Wolfers went on Twitter to provide his proof against Trump's statements, taking two full tweets to show every time the GDP growth rate was higher than the unemployment rate in the last 100 years, a total of 60 times.

Gasparino responded with a mix of snark and anger. "President Obama vs. President Trump, the leader vs. the tweeter, yes we can vs. way too tan". He reached beyond standard growth and jobs numbers to invoke a roaring Trump boom, enthusing over capital investment, business optimism, capital goods shipments and the purchasing managers index. President Trump deregulated the economy; we talked about how that has spurred growth.

US President Donald Trump has forcefully claimed ownership of the American economy's vigorous health while denigrating the legacy of Barack Obama, the president in office during most of the last decade's expansion, but economists suggest any credit should be shared. "What I do know is that's the highest in 10 years".

Hassett then turned to several slides demonstrating recent trends in the economy, with the first showing a jump in small-business optimism since the election. They claim Trump is merely enjoying gains started before he took office.

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The Trump administration has been in trouble in the past for inaccurate economic statistics with CNBC reporting that White House spokesperson Sarah Huckabee Sanders made false claims about the black employment rate.

Mike Levin, who is running for the seat left open by retiring GOP Rep. Darrell Issa in California, tweeted that Obama "left Trump an economy on third base".

Hassett said he suspected someone "added a 0" to the fact as it was "conveyed" to the president.

"It shouldn't be Democratic or Republican to say that we don't threaten the freedom of the press because - they say things or publish stories we don't like", Obama said. Democrats appear to have a better than even chance of winning the House and some pundits think the Senate might even be in play.

The president did something last week I have long urged him to do. Trump offered hope for former Obama voters in Pennsylvania, Michigan and Wisconsin that handed him the victory over Hillary in 2016. The economy also saw in June more job openings than people unemployed for the first time since 2000.

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